question archive To economists, the main difference between "the short run" and "the long run" is that:Multiple Choice 1)fixed costs are more important to decision making in the long run than they are in the short run 2)in the long run, all resources are variable while in the short run, at least one resource is fixed 3)in the short run all resources are fixed, while in the long run all resources are variable 4)in the short run all resources are variable, while in the long run all resources are fixed 5)the law of diminishing marginal returns applies in the long run but not in the short run
To economists, the main difference between "the short run" and "the long run" is that:Multiple Choice 1)fixed costs are more important to decision making in the long run than they are in the short run 2)in the long run, all resources are variable while in the short run, at least one resource is fixed 3)in the short run all resources are fixed, while in the long run all resources are variable 4)in the short run all resources are variable, while in the long run all resources are fixed 5)the law of diminishing marginal returns applies in the long run but not in the short run
Subject:EconomicsPrice: Bought3
To economists, the main difference between "the short run" and "the long run" is that:Multiple Choice
1)fixed costs are more important to decision making in the long run than they are in the short run
2)in the long run, all resources are variable while in the short run, at least one resource is fixed
3)in the short run all resources are fixed, while in the long run all resources are variable
4)in the short run all resources are variable, while in the long run all resources are fixed
5)the law of diminishing marginal returns applies in the long run but not in the short run
